Eaton price target raised to $310 from $270 at Wells Fargo

Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Eaton (ETN) to $310 from $270 and keeps an Equal Weight rating on the shares. EA organic was strong in the quarter and the guide raise reflects pricing plus some volume contingency, the firm says. Orders were generally as expected on a tough compare. Key swing factor remains data center growth trajectory, Wells adds.